Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
One year later, insurers report 95 percent of Katrina claims in La. and Miss. settled
Sep 4 2006 // One year after Hurricane Katrina, the insurance in-dustry says that nearly 95 percent of homeowners insurance claims have been settled in Louisiana and Mississippi, insurance companies have paid billions in storm damage...
Developing a program from a book of specialized risks
Sep 4 2006 // Do you currently write a book of specialized industry accounts, or have you been trying to get a carrier to give you binding authority? Did you previously have a program, or do you have an idea for a new program/product,...
One year later, insurers report 95 percent of Katrina claims in La. and Miss. settled
Sep 4 2006 // One year after Hurricane Katrina, the insurance in-dustry says that nearly 95 percent of homeowners insurance claims have been settled in Louisiana and Mississippi, insurance companies have paid billions in storm damage...
Developing a program from a book of specialized risks
Sep 4 2006 // Do you currently write a book of specialized industry accounts, or have you been trying to get a carrier to give you binding authority? Did you previously have a program, or do you have an idea for a new program/product,...
Glenn
Sep 4 2006 // Former Executive Director A ‘spirited’ Kentucky wants make up ground in the race for captives Glenn Jennings replaced Martin J. Koetters as Executive Director of the Kentucky Office of Insurance in April 2005....
Case Law Watch
Sep 4 2006 // Actions and Proceedings Brannon v. Continental Casualty Co. (Alaska court, June 9, 2006, Unpublished) Ruling: The trial court had dismissed the injured party’s action against the insurer based on statute of...
Size up subsidence and earth movement exclusions
Sep 4 2006 // More than a decade ago, law firms specializing in construct defect litigation sprang up in California and the West. Construction defect cases in the building industry became all too common, and construction insurance...
Navigating Washington’s business and occupation tax tangle
Sep 4 2006 // Washington State’s current business and occupation (B&O) tax laws operate under a unique structure that can confuse even the most astute insurance agent or company. Harbored within this structure is the question...
News Currents
Sep 4 2006 // Associations oppose eliminating contingent commissions The attorneys general of New York, Connecticut and Illinois are continuing their fight against anti-competitive practices in the insurance industry. In doing so, they...
Cultivating a management mentality
Sep 4 2006 // A common misconception among agency owners who began their careers in sales is the belief that agency management and sales management are the same. The art and science of agency management require a unique set of...
Hurricanes Katrina and Rita spawn legislation, bulletins in Miss. and La.
Sep 4 2006 // Hurricanes Katrina and Rita exposed many misconceptions and misunderstandings that consumers had, or claimed to have had, with respect to their insurance coverage for hurricane related damage. The aftermath of these two...
What the West Coast can learn from the Gulf Coast
Sep 4 2006 // One year after Hurricane Katrina, the insurance industry says that nearly 95 percent of homeowners insurance claims have been settled. Insurance companies have paid billions in storm damage claims, and the vast majority of...
Rates are softening
Sep 4 2006 // As the surplus lines world turns to another year of soft market conditions, specialists and innovators may be the ones to survive as increasing competition intensifies, according to excess and surplus lines brokers,...
First post-Katrina court decision a victory for insurers
Sep 4 2006 // On Aug. 15, 2006, a decision was handed down in the first post-Katrina insurance lawsuit to go to trial. Because there are thousands of lawsuits raising the same claims with millions, if not billions, of dollars at stake,...
Court: Pennsylvania agents have no duty to inspect flood risks
Sep 4 2006 // Insurance agents and insurers in Pennsylvania were breathing a sigh of relief following a court ruling that says agents do not have a duty to inspect all properties before binding or renewing flood insurance coverage. Had...
Mass. agents cautious on assigned risk plan
Sep 4 2006 // Massachusetts Insurance Commissioner Julianne Bowler has been given the green light by the state’s high court to proceed with installing an auto insurance assigned risk plan and she appears intent on doing so. On...
The Mass. liquor JUA serves up misleading market information
Sep 4 2006 // As a managing general agent for liquor liability insurance for over 20 years, I took great interest in a recent article in Insurance Journal entitled, “Raising the bar on liquor liability training.” (See...
Navigating Washington’s business and occupation tax tangle
Sep 4 2006 // Washington State’s current business and occupation (B&O) tax laws operate under a unique structure that can confuse even the most astute insurance agent or company. Harbored within this structure is the question...
Size up subsidence and earth movement exclusions
Sep 4 2006 // More than a decade ago, law firms specializing in construct defect litigation sprang up in California and the West. Construction defect cases in the building industry became all too common, and construction insurance...
Case Law Watch
Sep 4 2006 // Actions and Proceedings Brannon v. Continental Casualty Co. (Alaska court, June 9, 2006, Unpublished) Ruling: The trial court had dismissed the injured party’s action against the insurer based on statute of...
